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214-571-9595
1212 Turtle Creek Blvd.
Dallas, TX 75207

Texas Security Bank is headquartered in Dallas and is the 227th largest bank in the state of Texas. It is also the 2,722nd largest bank in the nation. It was established in 2008 and as of June of 2014, it had grown to 36 employees at 3 locations. Texas Security Bank has a A+ health rating.

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Reviews (1)

Worst Banking Experience Ever!

I have had nothing but trouble with this bank from the beginning. I am sure it is because we are a small business and only deposited around $80,000.00

I have been locked out of my online banking almost every time I have tried to use it. I have not gotten banking statements after speaking with, heather, lauren, nancy and james.
then to top it all off on 10/13 there were fraudulent charges on my account and my card was frozen and still as of today (10/15 @ 2:22p) I still don't know when I will get the replacement card! not to mention their phones are not even working properly.

I thought this would be a new small bank to work with, how wrong I was!



Health

Data for Q2 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of June 30, 2014 Texas Security Bank had $0 in non-current loans and owned real-estate with $29.55 million in equity and loan loss allowances on hand to cover it. This gives Texas Security Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Deposit Growth

GRADE:
A+

In the past year, Texas Security Bank has increased its total deposits by $15.35 million, resulting in 8.78% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Texas Security Bank has shown is excellent.

Capitalization

GRADE:
A+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Texas Security Bank has $231.93 million in assets with $29.55 million in equity, resulting in a capitalization level of 12.74%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58739
Year Established2008
Employees36
Primary RegulatorFDIC
Assets and Liabilities
Assets$231.93 million
Loans$184.35 million
Deposits$190.21 million
Equity Capital$27.69 million
Loan Loss Allowance$1.86 million
Real Estate Owned$0
Historic Data - June 2013
Assets$208.95 million
Equity Capital$25.81 million
Loan Loss Allowance$2.18 million
Unbacked Noncurrent Loans$0
Real Estate Owned$200,000
Profit Margin - Quarterly
Return on Assets0.95%
Return on Equity7.92%
Interest Income$4.99 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Texas Security Bank, we are a rate comparison website and can not provide official rates or promotions.

Texas Security Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Secure Savings

Texas Security Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Secure Money Market Account
0.30%$100k-Secure Business Money Market
0.30%$100k-Secure Premier Money Market
0.30%$100k-Secure Business Premier Money Market

Texas Security Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Secure Advantage Checking
0.05%$2,500-Secure Plus Interest Checking
0.05%$2,500-Business Interest Checking

Texas Security Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.90%$1k-60 Month CD
1.10%$1k-36 Month CD
0.90%$1k-30 Month CD
0.85%$1k-24 Month CD
0.50%$1k-12 Month CD
0.35%$1k-6 Month CD
0.20%$1k-3 Month CD
0.15%$1k-28 Day CD
Locations


Texas Security Bank Locations
Garland Branch101 North Garland AvenueGarland, TX 75040
Texas Security Bank1212 Turtle Creek Blvd.Dallas, TX 75207